Expert: system (split national) will promote the work of credit card and facilitates the circulation of funds in the market
Date: 19/08/2012 13:34:12 Sunday
Baghdad (news) .. Stressed the economic expert Majid picture on the importance of establishing a system of “chunked” National banks which connects telecommunications network standard that will develop the banking system and facilitate the circulation of funds in the domestic market, noting that it will promote the work of credit card and how to handle them.
He said the picture (of the Agency news): The advent of the central bank to implement a project to establish a system of “chunked” National is an achievement in itself, because it will develop the banking system and accelerate the work, in addition to that he will promote from credit cards to citizens and which will facilitate the circulation of funds in the market.
He continued: as well as it will allow the central bank to control the banking system directly and would limit the violations that take place mostly by some banks through a central “automatic” watching her work.
And: that so important projects must offer and implement, regardless of the current circumstances because he was supposed to be implemented for a long time, pointing to the banking system desperately needs to fly its work by introducing electronic systems in modern work as a “split national”.